180 jobs supported by way of PrairiesCan investments of over $10.2 million in agri-food and superior manufacturing innovation, and group revitalization

SASKATOON, SK, March 16, 2023 /CNW/ – Saskatchewan is a worldwide chief in agriculture and meals processing, and residential to world-class superior manufacturing options corporations which are serving to feed Canadians and the world and sustains numerous jobs.

Minister Hutchings broadcasts investments in enterprise development and group enchancment initiatives throughout Saskatchewan (CNW Group/Prairies Financial Growth Canada)

Many of those corporations are positioned in small cities throughout the province, like Perdue, Yorkton and Emerald Park, producing financial advantages for these communities.

At this time, the Honourable Gudie Hutchings, Minister of Rural Financial Growth, on behalf of the Honourable Dan Vandal, Minister for PrairiesCan, introduced a federal funding of $7.9 million to assist 5 high-growth Saskatchewan companies entry the assets they should scale-up and produce their progressive services to new markets. The funding helps key sectors of Saskatchewan’s financial system, together with agriculture, agri-food and superior manufacturing.

Minister Hutchings additionally introduced a further $2.3 million to construct and enhance recreation, tourism and group infrastructure in 13 city, rural and Indigenous communities throughout Saskatchewan.

These investments, totalling $10,215,570, will assist create vibrant city and rural communities and be certain that Saskatchewan companies thrive as robust contributors to the Prairie financial system now and into the long run, all whereas sustaining good jobs for Canadian staff.

Quotes

“Saskatchewan is dwelling to dynamic agri-food and superior manufacturing sectors which are key employers and drivers of Saskatchewan’s financial system. Our authorities is working in partnership with Saskatchewan entrepreneurs to allow them to share their progressive services with the worldwide market, assist meals safety and sustainability, and create good jobs in vibrant communities throughout the province.”
–The Honourable Dan Vandal, Minister for PrairiesCan

Story continues

“Whether or not it’s rural farming communities, Indigenous communities, or busy city areas, Saskatchewan is constructed on robust agricultural roots. Vibrant communities supported by thriving native companies and progressive entrepreneurs will ensure that all communities take part within the province’s rising financial system and profit from its success.” 
–The Honourable Gudie Hutchings, Minister of Rural Financial Growth

“The Meals Centre has been supporting corporations in launching new merchandise and offering them interim processing options. This undertaking will construct on our present capability to increase our capabilities in particular areas resembling packaging, meals processing, milling, modified ingredient scale-up, and ingredient isolation within the plant-based meals sector.”
–Mehmet Tulbek, President, The Saskatchewan Meals Business Growth Centre Inc.

“Protein Powered Farms and Sunnydale Meals welcomes Canada’s funding in Saskatchewan’s first industrial scale extrusion facility. It’s a robust sign of Canada’s confidence in Saskatchewan’s capability to develop sustainable meals merchandise which are each wholesome for customers and wholesome for the planet. This undertaking showcases how Canada is main the way in which in sustainable and environmentally acutely aware meals growth.”
–Heidi Dutton, Protein Powered Farms Inc.

“”Prairie’s Canada funding towards our path growth gives Whitecap Dakota group residents and Dakota Dunes Resort guests with secure, accessible, 12 months spherical recreation exercise choices. These trails additional our group and tourism growth and supply a possibility for schooling on Dakota historical past and tradition that may assist reconciliation.”
–Chief Darcy Bear, Whitecap Dakota First Nation

Fast details

• Saskatchewan is dwelling to greater than 40 per cent of Canada’s cultivated farmland and is without doubt one of the largest exporter of agri-food merchandise in Canada.

• Since 2012, Saskatchewan’s annual income from value-added agriculture has virtually doubled from $3.5 billion to an estimated $6.8 billion in 2020-21.

• Greater than 300 meals processing and beverage corporations in Saskatchewan produce a variety of cereal, meat, dairy and bakery merchandise, in addition to meals substances.

• Saskatchewan corporations design and produce world-class superior manufacturing options. The sector is a key employer of graduates from universities and technical faculties.

Backgrounder

Federal funding of $10,215,570 by way of PrairiesCan to assist 18 initiatives in city, rural and Indigenous communities throughout Saskatchewan, creating and sustaining 180 jobs.

These investments within the Saskatchewan financial system will assist innovation and enterprise development in agri-food and superior manufacturing, and group revitalization.

Enterprise Scale-up and Productiveness (BSP) – Funding of $6,400,000
By the BSP program, the Authorities of Canada is supporting high-growth companies which are looking for to enhance productiveness, scale-up and commercialize know-how. It presents interest-free, repayable funding to included companies. The BSP program helps included high-growth companies which were working within the Prairie Provinces for no less than two years. Three Saskatchewan BSP recipients receiving funding by way of PrairiesCan had been introduced at this time:

• Protein Powered Farms Inc. ($3,000,000)
  Set up new plant-based fiber and extrusion tools to extend its ingredient processing capability and develop new merchandise. Protein Powered Farms is a protein extraction plant, positioned in Perdue, which extracts protein from peas, lentils and fava beans.

• TC Vitamin Inc. ($2,797,500)
  Set up superior manufacturing processing and packaging tools at its new manufacturing facility in Saskatoon. TC Vitamin manufactures and packages dietary dietary supplements.

• SeedMaster Manufacturing Ltd. ($602,500)
  Combine new superior manufacturing applied sciences that can increase its manufacturing and export packaging capacities with a purpose to enhance world gross sales. Positioned in Emerald Park, SeedMaster designs, builds and distributes precision seeding tools.

Regional Innovation Ecosystems (RIE) – Funding of $1,000,000
By the RIE program, the Authorities of Canada makes focused investments in not-for-profit organizations that assist companies in precedence sectors to innovate, develop and compete globally. RIE is open to not-for-profit organizations that assist companies, innovators and entrepreneurs, for start-up, development, productiveness, know-how commercialization, know-how adoption, and export and funding attraction. One Saskatchewan RIE recipient receiving funding by way of PrairiesCan was introduced at this time:

• Saskatchewan Meals Business Growth Centre Inc. ($1,000,000)
  Improve co-packaging capability for the agri-food sector in Saskatchewan.

Jobs and Development Fund (JGF) – Funding of $500,000
JGF gives funding to companies and organizations to assist create jobs and place native economies for long-term development. The Fund, delivered by Canada’s regional growth companies, gives $700 million nationally over three years. At this time, one JGF undertaking funded by way of PrairiesCan was introduced:

• Parkland Welding & Machine LTD. ($500,000)
  Set up automation tools at its Yorkton plant to extend manufacturing capability of its fluid energy merchandise that are utilized by authentic tools producer’s (OEM’s) throughout North America.

Canada Group Revitalization Fund (CCRF) – Funding of $2,315,570
The CCRF helps communities throughout Canada construct and enhance group infrastructure initiatives to allow them to proceed to rebound from the impacts of the pandemic. With a nationwide funding of $500 million over two years, the Fund’s objective is to assist not-for-profit organizations, municipalities and different group teams, in addition to Indigenous communities construct new group infrastructure and revitalize present belongings, deliver folks to public areas, create jobs, and stimulate native economies. At this time, 13 Saskatchewan CCRF recipients obtained funding by way of PrairiesCan:

• Metropolis of North Battleford ($734,267)
  Revitalize ageing downtown streets in North Battleford.

• Whitecap Dakota First Nation ($675,000)
  Develop a group path community at Whitecap Dakota First Nation.

• Lloydminster Native Friendship Centre Inc. ($239,800)
  Revitalize and improve the Lloydminster Native Friendship Centre and outside space.

• Metropolis of Regina ($225,000)
  Improve an accessible spray park and playground at Imperial Park.

• Village of Clavet ($149,940)
  Assemble a brand new playground and set up health tools at Bentley Park and improve playground tools at Queen Road Park.

• Rural Municipality of Spy Hill No. 152 ($67,575)
  Substitute the curling membership roof.

• City of Rouleau ($48,750)
  Make enhancements on the group centre.

• City of Lashburn ($48,038)
  Construct a multi-use paved sport pad in Heritage Park.

• City of Mossbank ($45,000)
  Assemble a path system connecting to the downtown space.

• City of Hanley ($33,420)
  Improve the spray park.

• Rural Municipality of Turtle River No. 469 ($18,000)
  Rebuild the outside skating rink in Vawn.

• City of LeRoy ($15,780)
  Construct an accessible strolling path round an assisted dwelling facility and make enhancements to a downtown park.

• Rural Municipality of Coronary heart’s Hill No. 352 ($15,000)
  Set up a brand new wheelchair ramp at Cactus Lake Corridor.

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SOURCE Prairies Financial Growth Canada

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